Posted On: 02/09/2014 3:01:28 PM
Post# of 2561
AMD Daily Chart ~ A Great Exit Last Month and the 3.20 Offered a Nice Calculated Entry Last Week
I received quite a few requests for another AMD chart. Link back for previous thoughts. The obvious exit last month was the positioning outside the upper bollie along with the FullSto and MACDs with their negative crossovers. Although these indicators have not all yet crossed into the positive, the calculated risk/reward entry of last week was due to the lows of the stock in November/December when bottoms were put in at the 3.20/3.30s. I'm not sure if a bottom has been established yet as the volume of the last few days isn't all that convincing. The chart has some work to do but it looks as if the 3.20/3.30 level could prove to be a bottom. We'll see shortly. GLTA
I received quite a few requests for another AMD chart. Link back for previous thoughts. The obvious exit last month was the positioning outside the upper bollie along with the FullSto and MACDs with their negative crossovers. Although these indicators have not all yet crossed into the positive, the calculated risk/reward entry of last week was due to the lows of the stock in November/December when bottoms were put in at the 3.20/3.30s. I'm not sure if a bottom has been established yet as the volume of the last few days isn't all that convincing. The chart has some work to do but it looks as if the 3.20/3.30 level could prove to be a bottom. We'll see shortly. GLTA
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